Hong Kong stocks slide in early trading

SarahTurner

SYDNEY (MarketWatch) -- Hong Kong stocks declined in early trading on Friday, with the Hang Seng Index
HSI, +0.56%
down 0.8% at 20,062.38. Property firms were under pressure, with New World Development Co.
0017, +2.07%NDVLF, +2.27%
down 2.6% and China Resources Land Ltd.
1109, +1.16%CRBJF, +3.55%
down 2.2%. Commodity-sector firms also lost ground as oil and metal futures slipped in electronic trading, with Cnooc Ltd.
0883, -1.13%CEO, -2.59%
down 1.3% and PetroChina Co.
0857, -1.28%PTR, -1.72%601857, -5.29%
down 1.9%. The Hang Seng Index is showing a week-to-date loss of 5.1%. Trade data out Thursday raised concerns that the Chinese economy is slowing, while Friday's 3.4% rise in consumer prices met economist expectations.

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